Homebuyers Tax Credit
An opportunity like this does not come around too often. With the recent
signing of a major housing stimulus bill, it’s now a great time to close on
your first home. On July 30, 2008, the Housing and Economic Recovery Act of
2008* was passed, which includes a new, temporary tax credit as an incentive
for first-time homebuyers. With this bill, first-time homebuyers may qualify
for a tax credit of up to $7,500* for the purchase of a principal residence.
- The National Association of
Realtors First-Time Homebuyer® - The National Association of
Realtors®
Before you decide to use the first-time homebuyer tax
credit, please remember to consult with a tax professional.
*Housing and Economic Recovery Act of
2008. Consult a tax professional for details. Credit expires June 30, 2009.